Microfinance banks to lose 70% of directors to new CBN governance code
By A new corporate governance code introduced by the Central Bank of Nigeria (CBN) for Microfinance banks (MFBs) could see about 70 percent of directors retiring in the next three years. The CBN on Tuesday released the code of corporate governance for Other Finance Institutions (OFIs) operating in the country. The OFIs are microfinance banks, primary…
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